Property Valuation
A NJ appraiser must maintain confidentiality about their appraisal report except when:
AA neighbor asks for the value
BRequired by law, judicial process, or with the client's consent✓ Correct
CThe property is subsequently listed for sale
DThe value supports the asking price
Explanation
USPAP (Uniform Standards of Professional Appraisal Practice) requires appraisers to maintain confidentiality of assignment results and client information, except when required by law (such as court orders or regulatory investigations) or when the client authorizes disclosure.
Related New Jersey Property Valuation Questions
- A 'desk review' appraisal in NJ is performed when a lender needs to:
- Physical depreciation that is 'curable' means:
- The principle of highest and best use requires that a property be used in the manner that is:
- The principle of conformity states that property values are maximized when:
- Which principle of value states that the value of a property is enhanced by its conformity with surrounding properties?
- An appraiser in New Jersey notes that a property is being sold under extreme financial distress (bank sale). This would affect which appraisal concept?
- When appraising a property in Newark, NJ, an appraiser making a paired sales analysis would use that technique to:
- Depreciation in the cost approach to value includes which THREE categories?
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →